Change - Announcement of Cessation::Cessation of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
LEADER ENVIRONMENTAL TECHNOLOGIES LIMITED
Securities
LEADER ENVIRONMENTAL TECH LTD - SG2B93959478 - LS9
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
13-Aug-2021 23:15:59
Status
New
Announcement Sub Title
Cessation of Chief Executive Officer
Announcement Reference
SG210813OTHRJUZO
Submitted By (Co./ Ind. Name)
Dr Lin Yucheng
Designation
Executive Chairman & Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Cessation of Chief Executive Officer ("CEO") but remains as Executive Chairman

Additional Details

Name Of Person
Dr Lin Yucheng
Age
59
Is effective date of cessation known?
Yes
If yes, please provide the date
01/09/2021
Detailed Reason (s) for cessation
The current Deputy CEO of the Group would be appointed as the Group CEO with effect from 1 September 2021. In respect of this, Dr Lin Yucheng, the current Executive Chairman and CEO of the Group, will relinquish his CEO position to focus on his role as Executive Chairman of the Group.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/01/2021
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Chief Executive Officer
Role and responsibilities
Responsible for formulating, planning and implementation of the Group's strategic plans.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
414,779,500
Past (for the last 5 years)
Citic Envirotech Ltd.
United Envirotech Water Resources Pte. Ltd.
Citic Envirotech Investment (China) Ltd.
Citic Envirotech Water Resource (Liaoyang) Co., Ltd.
Citic Envirotech Water Treatment (Liaoyang) Co., Ltd.
Citic Envirotech Water Resource (Guangzhou) Co., Ltd.
United Envirotech Water Treatment (Dafeng) Co., Ltd
Citic Envirotech Water Resource (Yancheng Dafeng) Co., Ltd.
Citic Envirotech Water Resource (Diaobingshan) Co., Ltd.
Citic Envirotech Urban Water Management (Jiangsu) Co.,Ltd.
UE Novo (Malaysia) Sdn Bhd
Dataran Tenaga (Malaysia) Sdn Bhd
United Envirotech (Hong Kong) Company Limited
Max Rise Envirogroup Limited
Max Rise Water Services Holdings Limited
Singapore Envirotech Accelerator Pte Ltd
United Envirotech Holding Pte Ltd
Yarra Food Pte Ltd
Yarra Food (Shandong) Co. Ltd
Yarra Tuan Yuan Food Pte Ltd

Present
Green Resources Limited
Greenlake Resources Inc.
Novo Envirotech (Singapore) Pte Ltd
Yarra Corporation Pte Ltd
Yarra Sanvy Pte Ltd
United Greentech Holdings Pte Ltd
Nanosun Membrane Pte. Ltd.
BLP Capital Limited